dunfida
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September 23, 2020, 08:39:49 PM |
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I'm starting with DIA. It is listed on top exchanges, has good partnership, the team isn't relenting and its price still drops drastically. So, I put up the question to learn with the trend on what actually thrives the price of a token/coin?
•Demand •Pump/Dump manipulation •Shill/Fud •Upcoming big events or updates When it comes to movement then there are several factors that is mainly considered to be the reason on why it do move and those are things mentioned above. On that DIA thing then dropping price isnt only or can be seen on this project alone but in all most project in the market even the team is doing their best on making updates and any progress but doesnt mean that it would pump out on next move.It all matters into those people who do buy and support this project and the people who do sell their token holdings for profits.
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nelson4lov
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September 23, 2020, 09:27:34 PM |
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I'm starting with DIA. It is listed on top exchanges, has good partnership, the team isn't relenting and its price still drops drastically. So, I put up the question to learn with the trend on what actually thrives the price of a token/coin?
The reasons for the dip in DIA price isn't far-fetched. DIA was first listed about a month ago so it's still in the process of price discovery and it's doing so when the overall crypto market is taking a solid hit. A quick look at the market will tell you that majority (if not all) of the tokens that reached their all time high in August - early September are currently at break-even prices (more than 50% drop from their tops). Whether you're a trader or an investor, always take into account the overall market direction. Trading psychology plays a big role in trading and right now, a lot of people are afraid and don't mind selling at even lower prices to get out of their positions.
Like everyone said, market prices are greatly influenced by demand and supply factors and right now, there are more people buying than selling. Given the fact that DIA is the new kid in the block, people don't really know how low it might get and will panic sell if they price keep going lower.
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Viscore
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September 23, 2020, 10:51:27 PM |
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The main reason why a certain token/altcoin pump is because it somewhat being hyped by its developer. The legitimacy of the project and being listed to known exchangers is the only thing that could sustain its market price and not drop. But seeing it now is on the surge as the Defi system hits on the market, this is a big factor that uplifts most new projects today but I was not confident if this will take so long and the investors will keep holding.
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Shasha80
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September 23, 2020, 10:59:57 PM |
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Many things can make a token pump, usually the increase in the price of Bitcoin which often causes the token pump. And regarding DIA token that was successfully pumped, it was due to the hype that had happened to DeFi projects. Even though DeFi projects are very profitable this year, still be careful in choosing DeFi projects for investment, because several DeFi projects proved scams. And the price of DIA token is currently falling quite drastically, this is because of the correction that occurred in Bitcoin.
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DoublerHunter
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September 23, 2020, 11:33:49 PM |
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^ It could be the reason for certain factors and it has been mentioned earlier post above. Of course Defi projects as of now were very hot to the eyes of the investors, probably because the think that it has a hype and that is the reason for the token will pump up in the market. Anothe reason is probably most of the Defi project owners was actively have marketing promotions during these days, those factors was all at once that makes the token pumped in the market. Unless, if the owner manipulating it or have pump and dump.
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btc-facebook
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September 24, 2020, 12:23:36 AM |
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If you want to invest and the price is going up steadily, you have to look at the project based on two things, firstly based on the active community and also the marketing team, because the coin / token price will go up more easily when the community on the project is strong, if in the trading chart, the community is like a support area that will continue to hold when the price goes down, so that the price doesn't fall deeper.
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Peanutswar
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September 24, 2020, 03:08:16 AM |
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There are a lot of reasons why does a coin pumps up and some of them are already given but for me, one of the factors is the
Investors Influencer And it's because it's centralized.
We all know that this is centralized some of them so we are making sure that they can control and manage what is the possible movement of it.
Investors because they are one of the contributors sometimes are the whales who make a large investment on this coin and cause a large increase in the value so the other people will encourage to support this too and invest.
Influencer some of them have a big role too mostly if you will get a known artist which can promote easily and encourage their followers or fans.
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Ridwan Fauzi
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September 24, 2020, 03:41:13 AM |
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I'm starting with DIA. It is listed on top exchanges, has good partnership, the team isn't relenting and its price still drops drastically. So, I put up the question to learn with the trend on what actually thrives the price of a token/coin?
It is a common thing to happen, although the project has a lot corporation with a big company the price will fall if the market sentiment is bad. As you can see right now, almost crypto currency price even gold are decreasing, that maybe the investor aware that economic situation will slowly recover especially US government. You can see the DXY chart, the candle pattern has formed a head and shoulders reversal it could give a bad affect for crypto currency price.
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mk4
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Paldo.io 🤖
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September 24, 2020, 03:43:07 AM |
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I think the reason for that is bitcoin price which determines the price for altcoins. When bitcoin gets bull, most altcoins too get some bull and if bitcoin goes bear, it will also affect altcoins no matter the technology.
When thinking of altcoins in general(as a whole), it sure does mostly follow bitcoin's price to some extent; but obviously specific altcoins can also move up and down on their own, and based on OP's main post he/she was obviously talking about a specific one.
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Curated Crypto Airdrop Database
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michellee
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September 24, 2020, 04:23:34 AM |
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I'm starting with DIA. It is listed on top exchanges, has good partnership, the team isn't relenting and its price still drops drastically. So, I put up the question to learn with the trend on what actually thrives the price of a token/coin?
Promotions in many places would be one way that the team can do to lift the price increases. With the promotion, people will look and research the project, and if they see the project can give something to them, people will invest, and that can lift the price to increase. But if you want to know when the pump comes, that will depend on how big interest from people to that project, so at the same time, many people buy the token, and that can make the price start the rally. But DIA is a newcomer at the market, and the team needs hard work to convince people to invest in that project.
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lienfaye
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September 24, 2020, 04:36:00 AM |
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Well the usual reason for token pump is the high demand, this depends on the token base on its features and use case. If its a good project then expect it to have more investors/supporters.
The good marketing of their project can also influence the price so more exposures means high chance of getting more investors that can trigger the price to increase.
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CryptopreneurBrainboss
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September 24, 2020, 06:25:57 AM |
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Some other point you should note OP is that, when a certain project focus on an already existing technology is trying to over take the previous project but doesn't record success, it often after the prices of the project heavily. Just did some research on the $DIA project and found out its technology is focus on Oracle which obviously means it would be promoted as the chainlink killer or was promoted as such but when the community saw that was impossible to accomplished they must have panicked and start selling their bags to secure profit or minimize lost.
Although bitcoin price corrections is the major reason behind alts bleeding but some are currently been oversold due to other factors like that I just explained above. On a general note the alt market is down and that if DeFi are bleeding therefore since your focus project fits in both category (alts and DeFi) you shouldn't expect anything different.
My advice now would be to either sell off your bags and secure your funds in bitcoin because nobody knows how far the market will go down but the possibility are very high. If Bitcoin falls to $8.800 then you should expect all alts bleeding further down and DeFi related project will be topping the chart.
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Darkelf11
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September 24, 2020, 08:00:12 AM |
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Besides Bitcoin(BTC), fundamentals doesn't really matter that much in the cryptocurrency space. Basically, which projects pump in price completely depends on how much effort and money they throw at marketing their coin. 🤷♂️
..and this is assuming that certain projects actually has a good use-case and are actually legitimate. Which, most projects really don't have both.
Using this ideology in the case of DIA, what do you think is the problem with the downturn price in the market and they have partnership trooping in almost every week. Are you referring to the DIA that has a bounty campaign here? If so here's their Announcement thread: https://bitcointalk.org/index.php?topic=5260766.0 Seems like they stopped their bounty, it could somewhat affect it's value. The price is declining, reduced a dollar on it's value. As far as I know, the defi hype is also declining it's mainly the reason of DIA's price drop. If it's a good project it will regain it's higher value or even reach new ATH, but who knows.
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leea-1334
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September 24, 2020, 09:22:46 AM |
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The main reason why a certain token/altcoin pump is because it somewhat being hyped by its developer. The legitimacy of the project and being listed to known exchangers is the only thing that could sustain its market price and not drop. But seeing it now is on the surge as the Defi system hits on the market, this is a big factor that uplifts most new projects today but I was not confident if this will take so long and the investors will keep holding.
Yes and no, sometimes, developers recruit people to their side, either as influencers or as advisors, and these are generally not necessarily shillers (not directly anyway) but people who know their followers watch their Twitter or whatever. All they need to do is announce something and boom. Sell out. Pump.
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acdc
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September 24, 2020, 11:01:18 AM |
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As for altcoins right now, I think what makes a pump is that they can market their coins. Most of the currencies on the market today do not have too many real differences, but there are still many currencies with very high prices. Simply because they know how to advertise and use rumors.
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Renampun
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 24, 2020, 08:20:12 PM |
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I'm starting with DIA. It is listed on top exchanges, has good partnership, the team isn't relenting and its price still drops drastically. So, I put up the question to learn with the trend on what actually thrives the price of a token/coin?
of course, the HYPE that makes the price of a token go to the moon... Just look at how the DeFi project is currently experiencing a drastic increase in price, it's all because of the HYPE that is happening in the market. I think you have to be patient, DIA is one of the good projects and has listed on the major exchanges.
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Lanatsa
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 24, 2020, 09:58:34 PM |
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I'm starting with DIA. It is listed on top exchanges, has good partnership, the team isn't relenting and its price still drops drastically. So, I put up the question to learn with the trend on what actually thrives the price of a token/coin?
of course, the HYPE that makes the price of a token go to the moon... Just look at how the DeFi project is currently experiencing a drastic increase in price, it's all because of the HYPE that is happening in the market. I think you have to be patient, DIA is one of the good projects and has listed on the major exchanges. ICO IEO/STO and now DEFI these are the trends that had happened on this market aside from Bitcoin market itself.We had witnessed on how projects do fly to the moon when it comes to price and shoot up into those unexpected values or numbers. Lots had made themselves rich and lots have wrecked their lives because of it.This had been pretty common in the market.Just wondering on what would be the next trend after this DeFi hype. Driving prices on high levels would needed some several factors which had been mentioned already above, there no need to say it again.
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samcrypto
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Vave.com - Crypto Casino
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September 24, 2020, 09:59:10 PM |
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I'm starting with DIA. It is listed on top exchanges, has good partnership, the team isn't relenting and its price still drops drastically. So, I put up the question to learn with the trend on what actually thrives the price of a token/coin?
Demand and supply can affect much the price movement and of course the market sentiment. I heard much about this token and it looks like a normal dump so nothing to worry about and if DIA continue to work for sure they will survive and you’ll see another pump before the year end. Every token has it own history of down trend, its a matter of time before they pump again. The price movement consist of many indicators, the news can move it up and down but still depend on how the project works.
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pinggoki
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September 25, 2020, 02:58:17 AM |
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What makes a token pump is the demand, demand is based on the hype so basically we can say that demand is drive by several factors that lies in the marketing of the project. The only thing that will make the token pump is when the demand for it increases, there are key takeaways to do it. Noticeably, token pump follows the bitcoin trend, you can see a historic lift of the market when bitcoin reached its ATH last 2017, it was like a crypto party.
Indeed, it was because of demand and nothing more. Since crypto was decentralized authorities or whatsoever have no direct contact to manipulate the price of a certain coin so yeah it was all in the demand. Hype and demand is kinda the same though, if you'll think of it if one coin was in hype then the demand is automatically high and vise versa. Bitcoin trend was also a factor on making a tokens price. If you will take a look for the past, wherever Bitcoin goes to either to pump or dump other coins come along with it.
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adaseb
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Up to 300% + 200 FS deposit bonuses
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September 25, 2020, 03:03:49 AM |
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There are alot of ways that tokens get pumped. The first and most reliable is when it gets added to a new and more liquid exchange. Basically whenever a coin or token gets added to Coinbase or Binance it almost always has a pump because it leads to more audience and more whales use those exchanges.
Another is usually if there is a large volume and usually some bots and monitors pick it up. They see the volume and want to get in as soon as possible and they usually buy in. Then what happens is the coin usually appears in the "Most Volume" or "Most gainers" and usually other traders will see it is rising, see its up 50% and they think it will go to 100% so they all buy in.
Another area is when its promoted on Reddit, Bitcointalk, and Crypto twitter or by some paid groups. Usually this has tons of people FOMO into the coin like everyone did with Sushi or Link or UNI and its why we saw these crazy 20-30% moves.
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